The crystal ball is not always ‘crystal clear’ when it comes to predicting the direction of the real estate market. Having said that - there are, however, some clear signs that soothsayers and pundits use to predict future direction for the real estate market. One of the most important considerations is bond rates. Put simply, when the 5-year bond yield rises invariably the mortgage rates are affected. At the close of July the Government of Canada 5-year bond yield closed at a 16-year high. As this yield is a key influence on mortgage rates, it is likely that interest costs are about to head t ..read more

Becoming a landlord can be a rewarding experience, but it also requires careful planning and preparation. Before you begin investing in any sort of rental property, you’re going to want to ensure that you have a deep understanding of your responsibilities and that you’re prepared for the challenges of owning a rental property. Here are some quick tips, tricks, and things to remember. Tenants Who are your tenants? Have they rented in the past? These are crucial factors for you to consider when purchasing a rental property. Choosing a responsible tenant and maintaining positive relationships wit ..read more

If you’re looking for a creative outlet and investment opportunity all-in-one, flipping a house can be an excellent choice. If you’re going to pursue a flip, you’re going to need a large and flexible budget. This is because of the numerous upgrades and renovations that you will have to go through, including the many variables they’ll pose along the way. In this blog, we’ll touch on what to look for in a house, including some tips and tricks to get the best return possible. Don’t overpay You’ve probably heard the term “buy low, sell high” when it comes to investing. Real estate is no different ..read more

Now that it’s wintertime, real estate transactions will have slowed down. Although homes may not be selling as quickly or frequently as they were in recent months, that doesn’t mean that you should abandon your curb appeal and wait again until spring. Oftentimes, buyers will use the winter months to explore what’s still on the market. Sellers will have less competition and may receive some offers worth considering. For this reason, you’re going to want your home to stand out among the others in your neighbourhood. After all, the winter landscape can create a magical backdrop for strategically ..read more

For many, the new year brings a fresh perspective and eagerness for new beginnings. With promises for self-improvement and curbing bad habits made with only the best of intentions, the year begins on a high note and wishful thinking. Many of us tackle health and wellness, organization, and financial fitness, all of which are excellent areas of improvement that are desirable to achieve. However, as most people have come to find, the hype and mindfulness that life changes require often fizzle out by spring as we reacquaint ourselves with a comfortable routine once again. This year, set yourself ..read more

After two years of strong price appreciation, Canadian home prices are poised to increase significantly in 2022, albeit at a slower pace than in previous years. According to the Royal LePage Market Survey Forecast, the aggregate price of a home in Canada is set to rise 10.5% year-over-year to $859,700 in the fourth quarter of 2022, with the median price of a single-family detached property projected to increase 11.0% to $918,000, and the median price of a condominium expected to increase 8.0% to $594,000. Pent-up demand from buyers who were unable to transact in 2021, coupled with the growing ..read more

Some people can feel that the winter months are generally less appealing for home improvements, however, this is not exactly the case. While it may be colder and you might not want to spend time going in and out of the house, there is actually a flurry of advantages for getting things done at home in the off-season. With fewer warm-weather distractions, and a couple of notorious days with big sales for you to take advantage of, completing your renovation projects in the winter may be more beneficial. With these 6 winter-friendly home improvements, you can get more done in a shorter period of ..read more

The winter months in Kelowna can see fluctuations in weather, with some days reaching chilling temperatures that make you want to curl up under the covers to stay as warm as possible, especially if your furnace is not working properly. To ensure you stay warm throughout the cold season, now is the time to get acquainted with your heating system. Getting Acquainted With Your Home Heating Systems As winter approaches, many homeowners are questioning whether or not their home heating systems are efficient enough, and if there are other options out there that work better and are less of an eyesore ..read more

With a backdrop of changing colours on trees and mountains along the skyline creating Instagram-worthy views, fall in Kelowna is in the most modest of terms, picturesque. While it is arguably the most beautiful season we see here, it always seems to be over as quickly as it begins. Before you blink and find snow on your lawn, it might be time to pull off the pin you put on listing your home. Second to spring, and in the most typical of market conditions, fall is a great season to list your home or property for sale in Kelowna. However, Real Estate is anything but typical right now, and luckil ..read more

Now that summer is in full swing sellers are looking to list their home in the hottest season of the year. However, with listing naturally comes thoughts of upgrades to complete to ensure your home really stands out and gets the attention it deserves. Before diving into renovation projects, check out these 5 upgrades that won’t only make your home sparkle, but will also garner the highest return on investment so that your money is put to good use. When preparing for home renovations, whether it be to upgrade your home for yourself, or getting it ready to sell, trying to choose between project ..read more